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for the nasdaq is apple. dropping down more than 4% to 4 05 after digit times reported that ipad mini shipments will fall 20 to 30%. apple's shares have dropped $300 a share in the past seven months. >> when we come back from break will visit with annie, we have more news coming straight ahead. this is our south bay camera, a little slow as you make it towards the guadalupe over cross. it is nice and sunny out. >> good morning our mt. tam cam overlooking san francisco. temperatures are 10 to 15 degrees warmer than 24 hours ago. mid-50s currently in san francisco, 56 oakland. 54 livermore, low '40's in hayward. as we track these members throughout the day by less time we're talking 60s pretty much everywhere. we will climb into the '70s by 3:00 p.m.. a glauconite a low 60s high 50s. after an highs, 71 expected and mountain view, 72 walnut creek, 70 vallejo. mid to upper 60s for downtown san francisco, 70 east bay shoreline. satellite and radar shows dry clear conditions in the area without a raindrop insight. 7 day around the bay forecast, a string of sunshine, gradually warmer weather and a wee
. plain extraordinary." >> amendment at 5:23. you may soon be able to buy a low cost cell phone from apple. they could sell up to 75 million low cost phones next year. they have not confirmed it maps to do so. >> a bill banning voice activated texting has passed the transportation committee undoing legislation passed last year allowing hand's free texting but an asex bringman says the new information is that the texting is just as distracting to drivers as regular texting. >> beef prices are at an all-time high. >> here is jane king with the bloomberg business report. >> beef prices are going up, and the composite retail price on beef cuts including choice beef and hamburger climbed to an all-time high of $4.92 a pound in march up 5 percent from a year ago. commodities experts say watch for demand to grow as the summer barbecue season heats up. set back if yahoo turn around efforts and the c.e.o., with a drop in key advertising business as rivals google and facebook gain ground. we had a higher close for stocks after a stronger than expected report on new home construction. forget rock cli
area based apple will post earnings after the market closes. the commerce department announces morning that sales of new homes rebounded in march to the senate passed the sales pace in three years rising 1.5% to a seasonally adjusted annual rate of 417,000. that's still below the 700,000 pace considered healthy by most economists that is up 18.5% from a year ago. we will take it as a good sign. also following the latest whip bay area based on net flicks making headlines this morning. the company's decision to feature original programming on its internet video service appears to be pulling in more customers. in early february the company debuted a house of cards, a critically acclaimed series made exclusively for netflix. the move helped add to million u.s. subscribers during the first three months of the year. the company's stock surged 22% to $213 in overnight trading on that news. right now is at $216 a share. netflix saw losses this time last year, so this is a good week for netflix. >> tax-free shopping on the internet could be over under a bill making its way through the senate. t
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